 "Ajay Piramal")
Piramal Enterprises is looking to bring down its exposure to realty developers by diversifying its loan portfolio into other avenues one of which is housing finance loans.
Real estate sector loans constitute about 70 per cent of the loan book of Piramal Enterprises in the third quarter. This has come down from 78 per cent in the second quarter.
The total loan book of the company grew by 45 per cent to Rs 55,255 crore as on December 31, 2018 as against Rs 38, 036 crore as on December 31, 2017.
“We are diversifying our risks. We have got into
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